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UAE Gets PhonePe! Now, You Can Use UPI Payments At NEOPAY Terminals For Easy Transactions

PhonePe is now available in UAE! So, you can carry on easy transactions just by scanning QR code.

by Shreya Rathod
UAE Gets PhonePe! Now, You Can Use UPI Payments At NEOPAY Terminals For Easy Transactions

In India, online payments are mostly done by UPI or Unified Payments Interface. Several digital payments apps, including PhonePe, are based on this technology. But here’s the great news; while PhonePe is an Indian digital payments service, it is now available in UAE too!

UAE Gets PhonePe For Easy Transactions

Travellers using the PhonePe App may now pay with UPI at Mashreq’s NEOPAY terminals. You can find it at a range of eateries, entertainment venues, and retail stores. The collaboration between Mashreq and NPCI International Payments Limited (NIPL) makes this possible.

Indian travellers may now easily utilise UPI for transactions thanks to Mashreq’s cooperation. It has made it possible for NEOPAY terminals to accept UPI applications as a form of payment. You need a simple QR code scan for quick and easy payment processing. The Unified Payments Interface (UPI) facilitates these types of transactions. In fact, it will be in Indian Rupees (INR), indicating the exchange rate.

Through this strategic partnership, PhonePe’s state-of-the-art technology and Mashreq’s dedication to integrating the greatest technology and innovation into their business processes are combined. At NEOPAY terminals, it will be essential to deliver an exceptional client experience. Once the corridor for inbound remittances is allowed, PhonePe will offer inward remittance services in addition to enabling travel and local commerce. This would use the UPI infrastructure to streamline the money transfer process and remove the requirement for information like IFSC codes and bank account numbers.

They Are Taking The Changing Demands In Account

PhonePe UAE
Credits: PhonePe/ Facebook

Ritesh Pai, CEO of International Payments, PhonePe, shared his excitement. In addition to demonstrating PhonePe’s dedication to ease, enabling digital payments also takes into account the changing demands of modern travellers.

Vibhor Mundhada, CEO of NEOPAY at Mashreq, remarked their most recent launch demonstrates their dedication to bringing technology and innovation into their business processes and to giving clients the experiences and solutions they require. They are happy to work with PhonePe to provide yet another innovative payment option for travellers from India to the UAE.

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It will strengthen the existing robust financial ties between the two nations.

Cover Image Courtesy: Canva & PhonePe/ Facebook

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